Baltimore could be on next year’s IndyCar IZOD Series after local authorities have agreed to a to a five-year contract with Baltimore Racing Development Corp to hold a race in the streets abutting Baltimore’s Inner Harbor.
The promoter, which must donate at least $100,000 every year to local non-profit organizations as part of the agreement, is seeking to have the sanctioning Indy Racing League add the venue to its 2011 schedule.
The promoter group estimates an influx of $250 million to the city over the five years through ticket sales, hotel stays and restaurant business as well as $11 million in direct tax revenue.
A loop of streets surrounding the scenic and busy Inner Harbor entertainment district and Oriole Park at Camden Yards (where pit lane would be located) will compose the racetrack.
The promoter, which must donate at least $100,000 every year to local non-profit organizations as part of the agreement, is seeking to have the sanctioning Indy Racing League add the venue to its 2011 schedule.
The promoter group estimates an influx of $250 million to the city over the five years through ticket sales, hotel stays and restaurant business as well as $11 million in direct tax revenue.
A loop of streets surrounding the scenic and busy Inner Harbor entertainment district and Oriole Park at Camden Yards (where pit lane would be located) will compose the racetrack.